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- 📈 TayTay makes bank.
📈 TayTay makes bank.
Every millennial’s favorite singer is now a billionaire
Bloomberg has called it: Taylor Swift is a billionaire.
“Swift Inc. is essentially a multinational conglomerate with the world’s most devoted customer base, its most charismatic CEO, and significant economic power,” it says.
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Taylor Swift is apparently a billionaire now
Lots of pop stars get rich, but few of them are billionaires. And of those who are, a minority get there almost entirely from their music. Bloomberg has been totting up the numbers, and it reckons Taylor Swift has joined the ten-figure club.
Here’s how they see her wealth stacking up:
Catalog – $400 million. The estimated value of music released since 2019. Remember, catalogs are bought and sold, so they have a value beyond the revenue they generate.
Concerts – $370 million. Income from ticket sales and merchandise. The Eras tour has generated more than $700 million in ticket sales so far, according to Bloomberg, though not all of that goes into TayTay’s pocket. Her US concerts this year have also added an estimated $4.3 billion to the economy.
Streaming – $120 million. Earnings from Spotify and YouTube. Swift is cannily re-recording a lot of her back catalog so she owns the masters, which means fewer royalties going to a record company.
Homes – $110 million. Swift has an impressive real estate portfolio including residences in New York, California, and – of course – Nashville.
Records – $80 million. Royalties from music sales, the old fashioned way.
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— Work Retire Die (@WorkRetireDie)
9:45 PM • Oct 25, 2023